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Learning Center

At Granite Harbor Advisors, we value the educational process, giving our clients the knowledge to move forward with confidence.

Business

The Corporate Transparency Act
3 minutes read

The Corporate Transparency Act

The Corporate Transparency Act: Implications and Considerations As the clock ticks closer to January 1, 2024, businesses across the nation are preparing for the implementation of the Corporate Transparency Act (CTA). This landmark legislation aims to enhance transparency and accountability in the corporate world. Here we will discuss the main provisions of the CTA, discuss its implications for small…
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Secure Your Business Legacy: The Power of Buy-Sell Agreement Planning for Business Owners
6 minutes read

Secure Your Business Legacy: The Power of Buy-Sell Agreement Planning for Business Owners

The Power of Buy-Sell Agreement Planning for Business Owners As a business owner, ensuring the long-term success and continuity of your enterprise is usually at the very top of the list of priorities. One of the essentials that can help you achieve this goal is effective buy-sell planning. This article delves into the significance of buy-sell planning for business owners and highlights the key strategies…
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Understanding Your Retirement Benefits: Things to consider as a BP Executive Preparing to Retire
7 minutes read

Understanding Your Retirement Benefits: Things to consider as a BP Executive Preparing to Retire

How do I make the most of my BP retirement benefits? As one of the most lucrative positions in the oil and gas industry, BP executives enjoy exceptional employee benefits. However, navigating these offerings can be overwhelming, even for high-level executives. From cash compensation and severance packages to stock options and bonuses, the array of benefits can be daunting to navigate—especially anticipating…
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Managing Your 401(k) After Job Transition: Key Considerations & Advanced Tax Strategies
6 minutes read

Managing Your 401(k) After Job Transition: Key Considerations & Advanced Tax Strategies

What to do with Your 401(k) after Leaving a Job: Key Considerations & Advanced Tax Strategies When navigating a job transition, whether entering retirement or an unexpected layoff, one crucial aspect that requires careful consideration is what to do with your 401(k) plan. Making informed choices is of utmost importance to safeguard your financial future. By taking stock of your existing plan and…
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Tax-Efficient Strategies When Selling a Business
5 minutes read

Tax-Efficient Strategies When Selling a Business

For business owners who may have worked for decades to build up their companies, deciding to sell the business can be an emotional process. But it’s also a practical one where savvy business owners need to find ways to minimize the tax implications of selling a business to benefit themselves and other stakeholders. There are a number of strategies, particularly during the planning stage and the sales…
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How to Create Liquidity by Selling a Business to an ESOP
5 minutes read

How to Create Liquidity by Selling a Business to an ESOP

Selling a closely held business can be an incredibly complex process that requires a lot of thoughtful planning. For business owners, two challenges often come to the forefront: finding a buyer and creating a liquidity event for the business owner. Selling a business to an employee stock ownership plan (ESOP) can address both of these issues while also creating an incentive for employees. Here’s a…
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Stock Compensation Strategies: How to Balance Risk and Achieve Tax Efficiency
5 minutes read

Stock Compensation Strategies: How to Balance Risk and Achieve Tax Efficiency

Many corporate executives receive stock as part of their total compensation package. This not only helps align personal goals and company objectives while rewarding top talent with appreciable assets, but many executives enjoy tying their finances, in part, to their employer. They believe in their company and in their own ability to help that company grow. But as total compensation becomes skewed toward…
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Rolling over your 401(K)? Consider Net Unrealized Appreciation first
4 minutes read

Rolling over your 401(K)? Consider Net Unrealized Appreciation first

At Granite Harbor Advisors, we believe in helping our clients better understand all of their options so they can make the best decision for their families. To that end, here is a more detailed look at what net unrealized appreciation is and how you can use it to advance your financial goals. What is net unrealized appreciation (NUA)? Net unrealized appreciation is simply the difference in value between…
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Building Traction Within Your Business

Building Traction Within Your Business

Our trusted business advisor and friend, Gene Roberts joins us about the importance of having structure in your business. Structure for effective accountability, and structure for efficient communication. Gene explains the basics of the Entrepreneurial Operating System (EOS), and how it can transform your business.
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Succession Planning Starts Now

Succession Planning Starts Now

Define your legacy Leaving a business you built from the ground up or played a significant role in shaping is never easy. You want to know that the legacy you created will be protected and outlast your time with the company. That’s why succession planning and continuity planning are so important. With a written plan in place, you can feel confident your vision, goals, priorities, and values will be respected and continued for years to come. At Granite Harbor, we recommend business owners begin continuity and succession planning as soon as their business comes into existence. We also help business owners create and modify plans as needed, offering guidance to protect personal finances as well as the financial health of the business. That’s also why we created this eBook, to highlight some of the most pressing issues facing business owners in the succession planning process. You’ll find insights on how to approach a variety of scenarios and what to consider at each stage. By identifying your goals and the financial strategies to achieve them, you can develop continuity and succession plans that define your legacy and position your company for long-term success.
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Retirement Planning with Purpose and Confidence

Retirement Planning with Purpose and Confidence

Retiring with Peace of Mind Everyone has a different vision for what their retirement looks like. However, the foundations to get there are always the same: Thoughtful planning and attentive financial management from the time you start your career all the way through your retirement years is essential. Whether you are a young executive just starting to formulate a retirement strategy, approaching retirement age, or making the long-awaited transition into retirement, a trusted team of financial advisors can provide experienced and objective guidance to help keep your plans on track. This eBook offers insights on how executives and business owners should approach each stage of their retirement journey.
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Money in Motion

Money in Motion

Preparing for life’s significant triumphs, transitions and setbacks. As a business owner or executive, you recognize the value of hard work and have achieved success through persistence and determination. You also understand that goals are best accomplished using a team of professionals collaborating to bring fresh ideas, innovations and perspectives. When it comes to wealth planning, it’s vital to take the same collaborative approach with trusted advisors to build upon a solid foundation and achieve maximum potential. A fiduciary-level team of advisors can help you manage your finances at every stage of life and provide guidance to make your money work for you more efficiently. This ebook will cover the moments in life when your money is (or should be) in motion and how a team of advisors can provide guidance and recommendations that serve your best interests.
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